MILACRON
NYSE warns on minimum share price
Troubled plastics machinery manufacturer Milacron (Cincinnati, Ohio / USA; www.milacron.com) has been notified by the New York Stock Exchange that it has fallen below the NYSE´s continued listing standard relating to minimum share price. The standard requires that a company´s common stock trade at a minimum average closing share price of USD 1.00 during any consecutive 30-day trading period. Under NYSE guidelines, Milacron must return to compliance within six months following receipt of the notification, which was made on 25 August 2006. Milacron said that it intends to remedy the non-compliance and is "pursuing various solutions."
04.09.2006 Plasteurope.com [206196]
Published on 04.09.2006
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